or to beginning work on this discussion, please read the following required articles: Play the expert in the following scenario and apply ethical principles and professional standards of decision-making to your rationale and actions: Using appropriate citations and references, explain how the empirical research and theoretical models presented in the assigned articles suggest the importance of applying decision-making strategies in one’s own practice. Support your argument with empirical research. Purchase the answer to view it
Introduction
The application of ethical principles and professional standards of decision-making is crucial in various fields, including research, healthcare, and business. Empirical research and theoretical models play a significant role in supporting the importance of applying decision-making strategies in one’s own practice. This discussion will explore the significance of decision-making strategies in practice, drawing on empirical research and theoretical models to provide support for the argument.
Importance of Decision-Making Strategies in Practice
In various professional contexts, decision-making strategies help individuals make sound, ethical, and effective decisions. These strategies involve a systematic approach to problem-solving, considering multiple factors, alternatives, and potential outcomes. By following decision-making strategies, professionals can ensure that their actions align with ethical principles and professional standards.
Empirical Research Supporting Decision-Making Strategies
Numerous empirical studies have highlighted the importance of decision-making strategies in practice. For instance, a study by George and Park (2016) examined the decision-making processes of managers in the healthcare industry. The researchers found that managers who followed decision-making strategies, such as rational decision-making and evidence-based decision-making, were more likely to make ethical and effective decisions compared to those who relied on intuition or personal biases. This study demonstrates the empirical link between decision-making strategies and positive outcomes in professional practice.
Another empirical study by Johnson et al. (2018) explored the decision-making strategies used by financial planners. The researchers highlighted the role of decision-making strategies such as systematic analysis, risk assessment, and considering multiple alternatives in financial planning. They found that financial planners who followed these strategies were more successful in achieving positive outcomes for their clients. This research supports the argument that decision-making strategies are crucial in practice, as they help professionals make informed and ethical decisions that benefit their clients.
Theoretical Models Supporting Decision-Making Strategies
Numerous theoretical models also provide support for the importance of applying decision-making strategies in practice. One such model is the ethical decision-making framework proposed by Beauchamp and Childress (2013). This framework consists of four key principles: autonomy, nonmaleficence, beneficence, and justice. The framework suggests that professionals should consider these principles when making decisions to ensure ethical outcomes. By applying decision-making strategies, professionals can systematically consider these principles and make decisions that align with them.
Another theoretical model that supports decision-making strategies is the dual-process theory of decision-making proposed by Kahneman (2011). This model suggests that individuals have two cognitive systems: System 1, which operates automatically and intuitively, and System 2, which involves deliberate and analytical thinking. By utilizing decision-making strategies, professionals can engage System 2 thinking, allowing them to consider all relevant information, evaluate potential outcomes, and make informed decisions. This model highlights the importance of decision-making strategies in practice, as they enable professionals to engage in critical thinking and make rational choices.
Conclusion
In conclusion, empirical research and theoretical models provide strong support for the importance of applying decision-making strategies in one’s own practice. Decision-making strategies help professionals make sound, ethical, and effective decisions by considering multiple factors, alternatives, and potential outcomes. Empirical studies have consistently demonstrated the positive outcomes associated with decision-making strategies in various professional contexts. Theoretical models, such as ethical decision-making frameworks and dual-process theory, also support the importance of decision-making strategies in practice. By applying these strategies, professionals can ensure that their decisions align with ethical principles and professional standards, ultimately benefiting their clients and organizations.
